Citigroup Non-Cumulative Preferred Stock, Series AA Goes Ex-Dividend Soon

On 11/1/13, Citigroup Inc's 8.125% Non-Cumulative Preferred Stock, Series AA (NYSE: C.PRP) will trade ex-dividend, for its quarterly dividend of $0.5078, payable on 11/15/13. As a percentage of C.PRP's recent share price of $29.10, this dividend works out to approximately 1.75%, so look for shares of C.PRP to trade 1.75% lower -- all else being equal -- when C.PRP shares open for trading on 11/1/13. On an annualized basis, the current yield is approximately 6.86%, which compares to an average yi...